Regulatory Alerts2017-01-03 | I-17-01Use of Trade Name (d/b/a) in Lieu of Official Charter Name
The Washington State Department of Financial Institutions issued this revised interpretive statement to clarify that state-chartered credit unions may use trade names in lieu of their official charter names. The document outlines specific compliance requirements, including notifying the Division Director, adhering to NCUA advertising rules, and registering the trade name with the Department of Revenue. It further mandates that credit unions engaged in investment advice must use their full legal name and prohibits the use of banking-related terms in the trade name itself.
Share